South Africa Mines See Output Rise on the Back of Demand
South Africa’s mining production rose 11% last month from a year earlier with demand for commodities from developing economies increasing.
This is the third month of positive annual growth for South African mining since December 2009.
Total mining output for the first quarter of 2010 rose 4% after seasonal adjustment compared with the last quarter of 2009, figures from Statistics South Africa show.
The main contributors to the increase are diamond, coal, nickel and other non-metallic minerals.
Gold output fell 12.7% last month and copper production also dropped 25.9%, while coal rose 3% and platinum group metals achieved a 25.4% jump from March 2009.
The report shows the actual estimated total mining production for the first quarter of 2010 increased by 9% compared to the corresponding period of 2009.